03-30-2013 07:02 AM
The funds were loaded up on the long side.
Anybody holding aflatoxin corn would be a fool; it gets worse over time. Don't think there are that many fools out there
Its only March
Very little corn in the ground
You would think old corn is going to zero when you listen to the rhetoric
Basis may have to do the lifting for awhile
03-30-2013 08:42 AM
You are dead on CatMan. What basis does next week will tell the whole story.
IF the farmer, who feds suggest, is holding a lot of old corn, he should panic and sell. No one around here will likely do that because it is March and the e plant is 60 over for July. BUT, we need to see what happens next week. Maybe the gov is right and farmers are not nearly as smart as they think they are :-)
Old toxin corn in storage still? Hogwash, we had a perfect crop to blend it away into. No disease in most areas with super high test weight, duh, the aflo was fed a long time ago at this point, at least in the eastern belt.
03-30-2013 10:22 AM - edited 03-30-2013 04:55 PM
preliminary OI went up substantially. but I don't think low is in-----capit can take a few days.
surrendering or handing over a lot of $$$ from weak to strong hands doesn't have to be liquidating/covering. 8/10/12 just 1 eg.--------11/12/12 another example when OI increased.